This stock has horrifically bad spreads, i usually stay away from trash like this but reviewing trading data from this month i'm seeing extremely big activity behind this stock. I also checked around and apparently Jim Cramer is bearish this stock within the same month as said same extremely trading activity. Due to these nice 2 conflicting things i've gone ahead...
This is my idea for a short term target. the price is ranging. Once it breaks out the horizontal channel, it will have potential to go up until the mentioned target.
Diagonal double bottom along strong downtrend line
This double bottom may push price up within this falling wedge structure I have plotted
If it breaks the upper line further increases may be seen
We have retraced the complete decline since 10th February. As the overall trend remains bearish we may expect a further fall now. At 2 there is a major resistance level now.
This is a simple setup- it feels like a 50% retracement from the recent high
Technicals
1) the trend line was crossed
2) the moving average crossed below and has stayed there for a few days
Targeting a move to S1 ($27) - approx. a 15% move from today's close ($31)
First the divergence will push the price to the last resistance test then the price will soar to surprising levels thanks to bullish psychology and price action
Hey guys, BAUSCH HEALTH COMPANIES is in a bullish configuration with a hammer candle shape and past buy volume return. Looking at the TIMEFRAME M1 we see a kind of hammer candle with a large volume of purchases traded, it has come to test the lowest bollinger. And start again on its highest which is the test of the consolidation zone. There is a good chance of...
After being downtrending for the last couple of years and market putting in a bottom. See this stock going up much higher and expecting some news about their product on Lucentis biosimilar
Risk Score:
8 out of 10
investment:
Quarterly Holding
